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Business > Top Business
'US CPI might lead to policy rate hike'
By Tiziana Celine Piatos
Sep 16, 2022 12:25 am

AN economist said the United States consumer price index (US CPI) and inflation data and weaker peso exchange rate might lead to more aggressive local policy rate hikes.

Michael Ricafort, chief economist at Rizal Commercial Banking Corp., made the statement to The Manila Times after US CPI for August 2022 yielded 8.3 percent year on year.

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